Growing Esthetic Concerns to Drive Demand for Stainless Crowns Market
Stainless Crowns Market |
The
global Stainless Crowns Market is estimated to be valued at US$ 1.3 Bn in 2023 and is expected to
exhibit a CAGR of 6.6% over the
forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market Overview:
Stainless steel crowns are thin prefabricated crowns made of stainless steel
alloy that are placed over primary (baby) teeth. They are used for restoring
severely decayed posterior (back) primary teeth during childhood between the
ages of 2-16 years. Stainless steel crowns adhere firmly to tooth structure,
are durable, corrosion resistant and esthetically pleasing. They protect tooth
structure, are easy to place and prevent further tooth decay. Their advantages
over conventional dental fillings and composites include greater strength,
lasting longer on teeth, protection against further decay and ability to
restore severely damaged teeth. They are primarily used by pediatric dentists
for restoring heavily decayed, badly broken down or fractured primary molars
and premolars in children which are not amenable to conventional dental
fillings or restorations.
Market Key Trends:
One of the key trends in the stainless crowns market is the growing demand
for esthetically enhanced tooth-colored crowns. This is driven by increasing
consumer awareness and focus on appearance of smile and esthetics. To address
this, manufacturers are developing crowns made of zirconia, composite resins
and veneers that better mimic the appearance of natural tooth structure and gum
tissues compared to conventional steel crowns. They provide a more cosmetically
pleasing and natural look. Another trend is the popularity of preformed crowns
that reduce chair-side time and produce consistent, predictable restorations.
Advancements in 3D printing and CAD/CAM technologies have enabled quick and
easy manufacturing of highly customized preformed crowns with improvements like
enhanced marginal fit, occlusion and esthetics. Further, manufacturers are
focusing on improving material properties like strength, fracture resistance
and biocompatibility of crowns through continuous research and development.
Porter’s Analysis
Threat of new entrants: Low capital requirements and established brands lower
barriers to entry. However, existing players have significant economies of
scale.
Bargaining power of buyers: High level of competition empowers buyers to demand
lower prices and better product offerings.
Bargaining power of suppliers: Few global suppliers for key materials limits
ability to influence prices. Supply chain disruptions increase buyer power.
Threat of new substitutes: Alternatives like all-ceramic crowns emerging but
stainless steel remains popular for strength and affordability.
Competitive rivalry: Intense competition among large multinationals and
regional players. Strong focus on innovation, marketing and acquisitions.
Key Takeaways
The Global
Stainless Crowns Market Demand is expected to witness high growth,
exhibiting CAGR of 6.6% over the
forecast period, due to increasing demand for durable and affordable dental
solutions. The North America Stainless Crowns market holds the largest share
currently and is expected to maintain dominance over the forecast period due to
rising dental expenditure and focus on oral hygiene in the region.
Regional analysis: The Asia Pacific region is expected to grow at the fastest
pace during the forecast period owing to rising healthcare spending, growing
middle class population and increased focus on aesthetics in countries like
China and India.
Key players: Key players operating in the Stainless Crowns market are Dentsply
Sirona, Ivoclar Vivadent, Modern Dental, 3M, Glidewell, Danaher, Zirkonzahn,
Amann Girrbach, Coltene, Pritidenta. Manufacturers are focusing on new product
launches and acquisition strategies to gain market share.
Read
More:
https://www.marketwebjournal.com/stainless-crowns-market-demand-size-and-forecast/
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